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Continue reading “Brent Dec 20 Morning Technical Comment – 240 Min”
*Oil Extends Losses after Trump Tests Positive for COVID-19* News of positive tests of the President of the United States and the First Lady triggered Brent prices to fall 3% to lows of $39.40 per barrel today. The bearish news added to an already mixed market, with the news that OPEC+ compliance was lower than …
Capesize freight rates jumped on strong physical market with huge gains for October contracts due to better shipping outlook. The Capesize 5 time charter average then hiked up by $3,701 day-on-day to $29,332 on Thursday, due to decent demand in both Atlantic and Pacific basins. The Baltic Dry Index (BDI) also rose by 8.35% or …
Continue reading “Capesize rates surge on robust physical market”
Brent crude fell $1.37, or 3.2%, to settle at $40.93 a barrel after dropping to a low of $39.92. U.S. WTI down $1.50, or 3.7%, at $38.72 after sliding more than 6% to a session low of $37.61. Major news overnight that made headlines was that Trump had tweeted he and the First Lady …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Continue reading “Brent Dec 20 Morning Technical Comment – 240 Min”
Capesize freight rates surged up on flurry of fixtures being done in physical market, especially in the Brazilian market. The Capesize 5 time charter average then rose by $1,818 day-on-day to $25,631 on Wednesday, due to bullish market sentiment. The Baltic Dry Index (BDI) then jumped by 4.04% or 67 points day-on-day to 1,725 readings …
Continue reading “Capesize rates jump on Brazilian fixing spree”
Brent crude futures climbed 2 cents to $42.32 a barrel, after falling 0.2% overnight. U.S. WTI crude futures eased 1 cent to $40.21 a barrel at 0532 GMT , after jumping 2.4% on Wednesday. The EIA figures on Wednesday afternoon produced a mixed response from market participants, with a 2 million barrel draw in …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 …
**Oil falls second day as rising virus cases spur demand worries** Rising coronavirus cases heading into the northern winter has many seeing a cause for concern with oil posting its second loss this week as infections see unprecedented rises that will most likely curd the rebound of demand for fuel and oil products. …
